Truist Reiterates Buy Rating on Astronics Corporation (ATRO) Following Q3 Earnings Report

Astronics Corporation (NASDAQ:ATRO) is among the 8 Best Small-Cap Defense Stocks to Buy Right Now. On November 5, Truist Financial expert Michael Ciarmoli reiterated a Buy standing connected the banal with a stock terms people of $58.

The reaffirmation builds connected an earlier accommodation by the steadfast connected October 15, erstwhile it lifted the terms people connected the banal to $58 from $49 and maintained a Buy standing connected its shares, arsenic portion of broader investigation earlier 3rd 4th results successful the Aerospace and Defense industry, successful which Truist noted an uptick successful aftermarket request trends and said it was favoring companies that proviso to the 737 MAX program.

Truist’s latest update followed Astronics Corporation’s (NASDAQ:ATRO) third-quarter net report, successful which it reported a 3.8% summation successful gross to $211.4 million, led by robust request crossed the company’s merchandise lines, and astir notably an 8.5% income maturation successful the Aerospace segment.

Gross nett represented 30.5% of income during the quarter, an betterment from 27.1% successful the anterior year’s play owed to accrued volume, effectual production, and circumstantial pricing actions. Stronger profitability helped the institution amended diluted EPS by 44% twelvemonth implicit twelvemonth to $0.49, beating estimates by 7 cents.

Chairman, President, and CEO Peter Gundermann anticipates a beardown extremity to the year, with fourth-quarter income expected betwixt $225 cardinal and $235 million, which would assistance the institution scope its grounds yearly income successful the scope of $847 cardinal to $857 million.

The banal has soared successful 2025, gaining implicit 220% year-to-date arsenic of November 14.

Astronics Corporation (NASDAQ:ATRO) provides precocious technologies to planetary aerospace, defense, and electronics clients.

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